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If the market price for a job is $X, but domestic workers get $Y > $X because men with guns stop domestic consumers from buying from foreign workers, then the d
by yummyfajitas 10y ago
If the market price for a job is $X, but domestic workers get $Y > $X because men with guns stop domestic consumers from buying from foreign workers, then the domestic workers capture a rent of $Y - $X.
The rent is taken from domestic consumers.
In much the same way, Jim Crow/Davis Bacon/similar laws are also a form of rent seeking.
- toomuchtodo 10y agoYou're entitled to your (IMHO, warped) opinion on trade regulations and the labor market. Labor rights are more important than consumer rights.
- yummyfajitas 10y agoSo the thing is I'm currently in Bombay, not NY. To you they are funny brown people who pull "our" wages down. To me, they are simply Kadambari, Ankur or even "that drunk lady from Bar Stock Exchange last night". Your faceless economic threat is for me a nice lady who loves her dog or the new office boy who is surprised when a firang speaks Hindi. Perhaps that does warp my opinion.
- toomuchtodo 10y agoWanting better for my own countrymen doesn't make me a racist, it makes me a nationalist. At least slander me with the correct term.
- yummyfajitas 10y agoI didn't say you were racist. I simply explained why your nationalism doesn't motivate me.